Shell completes North Sea sale, creates new basin heavyweight
Shell this morning finalised its $3.8billion North Sea deal with Harbour Energy-backed Chrysaor Holdings.
Shell this morning finalised its $3.8billion North Sea deal with Harbour Energy-backed Chrysaor Holdings.
North Sea newcomer Chrysaor has handed Stork a contract to provide maintenance and repair work on three North Sea platforms.
Mariner’s job creation is a further boost for the North Sea after a flurry of recruitment announcements by the oil and gas industry.
North Sea newcomer Chrysaor plans to take on an extra 40 people across a range of business areas.
European officials have approved Shell's sale of a package of UK North Sea assets to Chrysaor.
The boss at the Oil and Gas Authority (OGA) said yesterday that remarkable progress had been made to create an “investment friendly climate” in the North Sea.
A north-east MSP called for “urgent government action” after oil giant Shell said yesterday it was axeing 90 onshore roles in Aberdeen.
Oil major Shell today announced plans to cut 90 onshore positions at its UK North Sea business in Aberdeen.
Oil major Shell today announced plans to cut 90 onshore positions at its UK North Sea business in Aberdeen.
Chrysaor is poised to become the biggest tenant in The Capitol building in Aberdeen.
Shell’s new chief financial officer said yesterday that the oil major was “not actively working on” more North Sea asset sales, but did not rule out further UK divestment.
Shell has become the latest oil major to report a huge upturn in its first quarter results, buoyed by higher oil prices.
North Sea independent Chrysaor has agreed terms to become the third and biggest tenant in The Capitol office development in Union Street, Aberdeen.
Three North Sea deals were among the top 10 non-US upstream oil and gas acquisitions in the first quarter of 2017, a new report said.
International lenders have backed an ambitious deal to hand North Sea assets to new entrants.
A trio of North Sea operators yesterday attended an event in Aberdeen in hope of finding supply chain companies who can fulfil their maintenance and repair needs.
North Sea oil and gas is on the crest of a “third wave” in its evolution following a series of major deals worth more than $6billion (£4.8billion), energy professionals have claimed.
Bosses at Ithaca Energy said it would be “business as usual” for the North Sea oil producer following its anticipated takeover by Israeli firm Delek Group.
A recent spate of acquisitions shows oil companies and investors still see potential in the North Sea, a lawyer said yesterday.
Shell has agreed to sell assets that contributed more than half of the company’s UK North Sea production last year.
A terrific deal!
Shell has agreed to sell a set of UK North Sea assets to Chrysaor for up to $3.8billion (£3billion).
Royal Dutch Shell Plc’s $3.8 billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the question of who pays to remove decades-old offshore platforms has been an obstacle for other deals.
Chrysaor’s deal for a package of Shell’s North Sea assets is a strong vote of confidence for the North Sea, Oil and Gas UK (OGUK) said.
Scotland’s energy minister has said that Chrysaor’s deal for Shell assets proved the country’s oil and gas industry still had a bright future.